What Is 2024 Bonus Depreciation. Through 2022, you can depreciate. This guide offers a detailed look into the mechanics and strategic application of bonus depreciation in 2024, particularly focusing on new developments and how businesses.

In 2024, the bonus depreciation rate is set to reduce from 80% to 60%. Bonus depreciation is an accelerated form of depreciation — it allows you to deduct a fixed percentage (80% for 2023) of an asset’s cost upfront instead of spreading the deduction.